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The Latest Breaking News from Interpath Advisory

Scottish island bakery to close 'immediately' after 20 years in business

A SCOTS bakery that has been “an important part” of its island community for two decades is to close immediately ...

The National (Scotland)

Administrators appointed to Waas Bakery

Nine employees of the Shetland-based business have been made redundant

Insider UK

Construction firm Stewart and Shields files for liquidation

15 employees have been made redundant as 60 year-old construction business ceases to trade

Insider UK

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Tolent collapsed owing £46m to more than 1,000 creditors, documents show

Administrators say it is doubtful that unsecured creditors will recoup any of the money owed to them

Birmingham Post

309 jobs affected as administrators appointed to manufacturers Bromford Industries and Accrofab

Both companies will continue to trade while the administrators seek buyers for the businesses and their assets

Birmingham Post

Administrators conclude sale of Armadilla

German buyer is in the process of securing larger premises in Midlothian and intends to scale up production

Insider UK

Flybe to be wound down as administrators end hunt for buyer

There has been 'significant interest from a number of credible parties' according to administrators but no deal could be completed in tight time frame

Birmingham Post

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Flybe to be 'wound down' as rescue efforts fail in major blow for Brits

Interpath Advisory has been unable to find a buyer for Flybe, after the regional airline went into administration last month, leading to the immediately redundancy of 200 employees

Daily Mirror

Tolent suppliers forced to cut jobs as firms sought to take over sites

Administrators handling the collapsed construction firm are in talks with other businesses to take over projects that were underway

Chronicle Live

Tolent administrators in talks to continue projects following group's collapse

Interpath Advisory is also actively seeking buyers for Tolent's businesses while exploring solutions for its assets

Birmingham Post

Deals secure majority of Tile Giant jobs after new owners call in administrators

In January the major tile retailer had been acquired a company belonging to former Topps Tiles boss Matt Williams

Birmingham Post

Tolent collapses into administration with loss of more than 300 jobs

Interpath Advisory has confirmed that a team has been appointed after the group tumbled into financial difficulties.

Birmingham Post

More than 300 jobs lost as Gateshead firm Tolent goes into administration

The construction firm had suffered big losses on the Milburngate development in Durham

Chronicle Live

Scottish insolvencies fall as UK stands on the brink of recession

Wider UK picture, by comparison, saw rising numbers of businesses going bust during 2022

Insider UK

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Birmingham Post

Administrators appointed at 'abruptly closed' Grimsby seafood firm where 80 jobs have been lost

Cook & Lucas suddenly ceased trading earlier this month

Birmingham Post

South West firms entering administration leap by half

The UK retail and hospitality industries have had a particularly difficult 12 months

Birmingham Post

Rightmove rival OneDome takes over Bristol mortgage broker in pre-pack administration deal

CMME Group - the holding company of CMME Mortgages and Protection - collapsed into administration in December

Birmingham Post

North East and Yorkshire company administrations jump 34% in a year, research reveals

Interpath Advisory bosses expect to see more firm collapsing into administration this year as a recession looms

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Evening Standard

Byron owner to axe nine restaurants and 218 jobs after collapsing into administration

The sites set to close are in Wembley, Chelmsford, Kent, Edinburgh, Leeds, Manchester, Milton Keynes, Salisbury and Southampton

The Independent UK

Byron Burger to shut nine stores putting hundreds of jobs at risk

Just 12 Byron restaurants will remain open

Liverpool Echo

Inflatable hot tub company owed over £4.5m as it collapsed into administration

Some 25 employees lost their jobs at the end of October

Birmingham Post

Over £4.5m owed by inflatable hot tub seller Clever-Company after entering administration

Some 25 staff members were made redundant when the company entered administration

Insider UK

Joules to shut 19 stores, despite rescue deal by Next and founder

133 jobs are to be lost at the fashion retailer, following its administration

Birmingham Post

1,450 jobs saved as Next and Tom Joule join forces to buy Joules out of administration

£34 million deal will keep around 100 stores in business open - but some jobs will be lost

Evening Standard

Next lays off 133 staff after buying collapsed retailer Joules

Over a dozen Joules stores will close with immediate effect following the conclusion of the deal

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